Time for silver to outshine gold?
The precious metal has lagged gold significantly in recent months
The precious metal has lagged gold significantly in recent months
Decarbonisation and geopolitics are changing patterns in commodity markets
Fund managers and buyers are split on the white metal for now but see longer term prospects as a renewable play
Silver now accounts for 40% of the portfolio due to growing industrial demand for the metal
TB Amati Strategic Metals fund manager is waiting to buy back into copper names
The stand-off between US president Donald Trump and North Korea has led to a spike in gold and silver prices, with financial markets adopting a safety first attitude in the immediate aftermath of escalating tensions.
Western investor sentiment and demand for gold and silver retreated in September, falling off three-year highs with US new accounts falling by almost one-third.
Old Mutual Global Investors said it intends to launch the Old Mutual Gold and Silver Fund next month.
The strong rise in precious metals prices seen last month has sparked a bout of profit taking, with gold and silver investors selling and buyer numbers falling, according to BullionVault.
Oil futures hit nine month highs on Friday, with gold and silver following its lead, while pgms continued their fall.
According to ETF Securities, increasingly positive views on the outlook for the global economy has seen more industrially-sensitive commodities increase inflows.
Silver ETPs see strong inflows with price indicators suggesting the precious metal will exploit leverage as gold price rises